Black Hills (NYSE:BKH) Downgraded by Wall Street Zen to “Sell”

Black Hills (NYSE:BKH) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Several other research firms have also commented on BKH. Weiss Ratings restated a “buy (b-)” rating on shares of Black Hills in a report on Monday, December 29th. Scotiabank raised shares of Black Hills from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $66.00 to $81.00 in a report on Friday, November 7th. Finally, BMO Capital Markets upped their target price on Black Hills from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $76.33.

Black Hills Trading Up 1.1%

Shares of NYSE BKH opened at $74.03 on Friday. Black Hills has a twelve month low of $54.92 and a twelve month high of $75.87. The firm has a market cap of $5.59 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 2.86 and a beta of 0.75. The business has a fifty day simple moving average of $71.41 and a two-hundred day simple moving average of $66.04. The company has a quick ratio of 0.67, a current ratio of 1.35 and a debt-to-equity ratio of 1.23.

Black Hills (NYSE:BKH) last posted its quarterly earnings results on Wednesday, February 4th. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Black Hills had a return on equity of 7.95% and a net margin of 12.62%.The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.37 EPS. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts expect that Black Hills will post 4.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Black Hills

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Black Hills by 7.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,798 shares of the utilities provider’s stock worth $2,596,000 after acquiring an additional 2,906 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Black Hills by 83.2% in the 1st quarter. NewEdge Advisors LLC now owns 3,345 shares of the utilities provider’s stock worth $203,000 after purchasing an additional 1,519 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Black Hills by 37.8% in the 1st quarter. Jones Financial Companies Lllp now owns 3,040 shares of the utilities provider’s stock worth $184,000 after purchasing an additional 834 shares in the last quarter. United Services Automobile Association purchased a new stake in Black Hills during the 1st quarter worth approximately $255,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Black Hills by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 134,673 shares of the utilities provider’s stock worth $8,168,000 after purchasing an additional 7,332 shares during the last quarter. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

About Black Hills

Black Hills Corporation is a diversified energy company based in Rapid City, South Dakota, that provides electricity and natural gas distribution services to residential, commercial and industrial customers. Through its regulated utility subsidiaries—Black Hills Power, Cheyenne Light & Power, and Black Hills Energy—the company delivers reliable energy across Colorado, Kansas, Montana, Nebraska, South Dakota and Wyoming.

In addition to its distribution operations, Black Hills owns and operates a generation portfolio that includes natural gas–fired plants, coal-fired units, hydroelectric facilities and wind projects.